Pierrefonds pours $4M into rainwater retention tool in effort to fight flooding

Thousands of Montreal homeowners are fuming after finding out Desjardins will no longer grant mortgages in certain flood zones. The financial institution claims climate change is a key reason for the policy adjustment. As Global’s Dan Spector reports, residents are now fearing the possible effects on their bottom line.

• Montreal homeowners respond as Desjardins eliminates new mortgages in flood zones